The Company recently announced an agreement to acquire BP and Total E&P’s interests in the Bruce and Keith package of assets and BP’s interest in the Rhum asset in the UK Northern North Sea – click here for more information. Once fully integrated, these acquisitions will materially increase Serica’s output, making the company a leading UK mid-tier oil and gas company.

We also have a full carry on Rowallan, a UK exploration well, providing shareholders with exposure to potentially material upside, while managing our investment and expenditure to spread risk and limit downside.

We continuously evaluate complementary acquisitions which will add value and bring further strategic balance to Serica’s portfolio.